NP - Toryism (Austerity) Isn't Working.

[David Morris]

Yes.  Thanks.

All pretty easy to see, unless one is determined to not see, either on
selfish or ideological grounds.  Probably a combination of both.
Sounds like "modern" Conservatism...

David Morris

On Fri, Apr 27, 2012 at 11:22 AM, Paul Mackin <mackin.paul at verizon.net> wrote:
> On 4/27/2012 11:46 AM, alice wellintown wrote:
>
> Isn't Krugman's main point that it's wrong to justify unemployment's
> remaining at high levels on the grounds that adequate stimulus might produce
> small amounts of inflation.  This sounds like more of a moral than a
> political argument. It's also textbook macroeconomics.
>
> Inflicting unnecessary pain is a sin and fiscal stimulus produces growth,
> both points working together, make his case pretty persuasive.
>
>
> P